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- Edition: 1366
Headlines
Contents AMR merger decision 'only weeks away'
AMR Corp, the bankrupt parent of American Airlines, is in the middle of reviewing strategic options that include a merger and will likely make a decision with weeks, according to an interview with the company's chief executive, which was published on
Court stops Kenya Airways from firing staff
A Kenyan court has temporarily stopped national carrier Kenya Airways from retrenching its employees until a suit brought by the workers union challenging the layoffs is heard and determined, reported Reuters. The airline, which is 26.
Latam second quarter profit $49.7m
Chilean holding company Latam Airlines Group posted a profit of US$49.7 million in the second quarter, up from $15.9 million in the same period of 2011, reported Dow Jones Newswires.
Qantas to sell Star Track stake
Qantas plans to sell its 50 per cent stake in road freight business Star Track Express, one of the airline's most hyped acquisitions in the past decade, once it experiences a concerted pick-up in the market, reported The Age.
Chennai port tries to reinvent itself
Work on the Chennai Port Mega Terminal Project costing an estimated US$721 million, is expected to commence shortly.
Vietnam's Cai Mep in the doldrums
A port complex once touted as Vietnam's main gateway has seen its promise sink without a trace.
ICTSI signs deal to build,
run Nigeria terminal
Philippines-based International Container Terminal Services Inc (ICTSI) has signed a contract with Lekki Port LFTZ Enterprises a 21-year sub-concession agreement for development and operation of the Lekki international container terminal in Tolaram Port,
NZ's Freightways annual profit surges 24%
New Zealand's biggest listed courier company Freightways, reported a 24 percent rise in full year profit and said it expected further growth in the coming year, reported Reuters.
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